c. 266, § 66
Stock; fraudulent issue or transfer
Official text prohibited actmental stateif conditionpenaltylegal term
An officer, agent, clerk or servant of a corporation, or any other person, who fraudulently issues or transfers a certificate of the stock of a corporation to a person who is not entitled thereto, or who fraudulently signs such certificate, in blank or otherwise, with the intent that it shall be so issued or transferred by himself or any other person, shall be punished by imprisonment in the state prison for not more than ten years or in the house of correction for not more than one year.
Simplified explanation
A corporate officer, agent, clerk, servant or other person who fraudulently issues, transfers or signs a stock certificate for someone not entitled to it faces up to 10 years in state prison.